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Dec 28, 2012
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if you transfer $10,000 of your money, it triggers your bank that goes to the federal government. but you can go online and with free holiday shipping purchase a high capacity magazine. even the law enforcement in the communities have no way of know ing a large number of weapons, perhaps a bullet proof vest. that might send off a few alarms. making it harder to sexercise te right to vote. we should think that people are more responsible owning a gun than casting a ballot. that is part of what is being revealed. >> i want to go to one other finding in this study about this. it is about the notion of people need guns for protection. >> there is no evidence that a gun in the home reduces the likelihood of severe iity durin break in. it is actually going to be usable in a way that will protect you. >> to the contrary. those same studies have shown, they are are more likely to go through if there is a gun in the house. what is more likely to happen is you are going to get shot. what happened is, they didn't kill the shooter. the shooter killed themselves. they were in able to get to it
if you transfer $10,000 of your money, it triggers your bank that goes to the federal government. but you can go online and with free holiday shipping purchase a high capacity magazine. even the law enforcement in the communities have no way of know ing a large number of weapons, perhaps a bullet proof vest. that might send off a few alarms. making it harder to sexercise te right to vote. we should think that people are more responsible owning a gun than casting a ballot. that is part of what...
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Dec 27, 2012
12/12
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an interest group out of control, not a government. democrats, even red state democrats, take note, sandy hook put a face on unlimited gun rights and an nra run amok. it's time to stop being afraid of the nra. time to stop changing the subject when guns are brought up. you, democratic politicians, can run on common sense gun restrictions, and you can win. for the first time in decades, there is now a political price to be paid for gun extremism, and i have got an idea for your first commercial. did you happen to see wayne lapierre on "meet the press"? that does it for us on "the cycle." karen finney is in the chair for martin bashir and it is all yours. >> thanks, krystal. good afternoon. i'm karen finney in for martin bashir on this thursday, december 27th. the president is back in washington, the senate is working against the clock, and speaker boehner, yeah, he's m.i.a. >> no new negotiations are scheduled. >> congress has five days to strike a deal before the end of the year deadline. >> they're calling it the fiscal cliff. [ speak
an interest group out of control, not a government. democrats, even red state democrats, take note, sandy hook put a face on unlimited gun rights and an nra run amok. it's time to stop being afraid of the nra. time to stop changing the subject when guns are brought up. you, democratic politicians, can run on common sense gun restrictions, and you can win. for the first time in decades, there is now a political price to be paid for gun extremism, and i have got an idea for your first commercial....
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Dec 29, 2012
12/12
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who believe that the government has the responsibility to care for them. who believe they are entitled to health care, to food, to housing, to you name it. and so my job is not to worry about these people. i'll never convince them that they should take personal responsibility. >> a very valuable comment. >> i am going to go with bill clinton. >> one speech? >> it was 20 years in the making, the story of the speech, for the first 15 years, republicans treated bill clinton that he was the worst thing that ever happened to american politics. the villain in chief, and after he left the white house, there was the moment in 2008, when republicans decided wait a minute, no, bill clinton is this by-gone symbol of an era, in good government, moderation, and they sang his praises for four years. they set him up as the good democrat against obama's bad democrat. and then what happens? the good democrat steals the show, vouches for the bad democrat, and disarmed what a lot of republicans were saying about barack obama. >> you have made a reasonable argument. chris hay
who believe that the government has the responsibility to care for them. who believe they are entitled to health care, to food, to housing, to you name it. and so my job is not to worry about these people. i'll never convince them that they should take personal responsibility. >> a very valuable comment. >> i am going to go with bill clinton. >> one speech? >> it was 20 years in the making, the story of the speech, for the first 15 years, republicans treated bill clinton...
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Dec 29, 2012
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distrust of what our government can do. if you boil it down, he outlined a series of markets, the health care market, the insurance market, the car market, with regulation and stimulus. and each one of those things has worked. he won over the public, because they were skeptical. you said he won, i am saying he renewed a faith in doing what we need to get out of this recession. >> krystal ball, the biggest winner? >> i was going to go with barack obama, but claire mccaskill, he was written off, nobody thought she could win the seat in missouri. and she won the crazy candidate jackpot. and was very smart and strategic on how she parlayed that into a victory. >> alex wagner? >> hillary clinton, for 2016, the term teflon don, she is a teflon woman. >> i want to piggyback, the biggest winner, the biggest loser of george romney, who exited with his reputation in tatters, a couple of generation's ago, and his son who failed to live up by so many ways, brought back the reputation, the history's estimation of george romney comes up
distrust of what our government can do. if you boil it down, he outlined a series of markets, the health care market, the insurance market, the car market, with regulation and stimulus. and each one of those things has worked. he won over the public, because they were skeptical. you said he won, i am saying he renewed a faith in doing what we need to get out of this recession. >> krystal ball, the biggest winner? >> i was going to go with barack obama, but claire mccaskill, he was...
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Dec 28, 2012
12/12
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thank you. >> i'm worth $3.5 million that the government knows about. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. if by blessed you mean freaked out about money well we suddenly noticed that everything was getting more expensive so we switched to the bargain detergent but i found myself using three times more than you're supposed to and the clothes still weren't as clean as with tide. so we're back to tide. they're cuter in clean clothes. thanks honey yeah you suck at folding [ laughs ] [ female announcer ] one cap of tide gives you more cleaning power than 6 caps of the bargain brand. [ woman ] that's my tide, what's yours? >>> the meeting between the president an
thank you. >> i'm worth $3.5 million that the government knows about. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at...
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Dec 27, 2012
12/12
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was focus on certain members of his base coalition, give them extraordinary financial gifts from the government, and then work very aggressively to turn them out to vote, and that strategy worked. >> that explanation got mitt romney attacked and condemned by the likes of bobby jindahl and other republicans. they're now trying a new approach. tag romney said this about his father. he wanted to be president less than anyone i knew in my entire life. he had no desire to run, says tag, who worked with his mother and to persuade his father to seek the presidency. if he could have found someone else to take his place, he would have been ecstatic to step aside. too bad he never told newt gingrich that. joining me now, msnbc's joy reed. i'm on the verge of feeling sorry for them, trying to come up with these crazy reasons about why he lost. and now they want to pretend that this guy who lived his whole life in order to run for president didn't really want to run for president. >> yeah, i know, lawrence. there is nothing more failing than failing to win something and say, i didn't want to win, anyway. w
was focus on certain members of his base coalition, give them extraordinary financial gifts from the government, and then work very aggressively to turn them out to vote, and that strategy worked. >> that explanation got mitt romney attacked and condemned by the likes of bobby jindahl and other republicans. they're now trying a new approach. tag romney said this about his father. he wanted to be president less than anyone i knew in my entire life. he had no desire to run, says tag, who...
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Dec 29, 2012
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it gives the government more money and will put off the actual kind of "d" day for the u.s. defaulting on its debt, only by a week or so. but, again, the real thing that should be scaring everybody is the thing that's coming in a couple of months. >> you know, we heard the president talking today about how mind boggling this is. you know, that normal people don't resolve their differences this way. i don't know how you can shuffle around money. that really is mind boggling. thank you. up next, the nra's response to gun violence? what else, more guns. the new battle over gun violence with chris matthews. you're watching "hardball" the place for politics. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy bro
it gives the government more money and will put off the actual kind of "d" day for the u.s. defaulting on its debt, only by a week or so. but, again, the real thing that should be scaring everybody is the thing that's coming in a couple of months. >> you know, we heard the president talking today about how mind boggling this is. you know, that normal people don't resolve their differences this way. i don't know how you can shuffle around money. that really is mind boggling....
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Dec 22, 2012
12/12
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part of the problem is some of the principles are that there are people who simply do not believe in government. so for them, gumming everything up is part of following their principles. >> better than the 113th or not? >> yes. better. better. more democrats, so, of course, better. >> karen, i expect nothing less from you. >> the man speaking now for the 99%. i appreciate your time, too. >>> now that it's official and president obama has nominated john kerr ty to head up the sta department, we'll talk to bill richardson. stick around for that. >> the horrific shooting in newtown, connecticut, has prompted many to respond with activism including moms who will gather a million other like them and march on washington. one of them joins us next. new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out
part of the problem is some of the principles are that there are people who simply do not believe in government. so for them, gumming everything up is part of following their principles. >> better than the 113th or not? >> yes. better. better. more democrats, so, of course, better. >> karen, i expect nothing less from you. >> the man speaking now for the 99%. i appreciate your time, too. >>> now that it's official and president obama has nominated john kerr ty...
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Dec 24, 2012
12/12
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no government can boast of having done so. the reforms that i haven't completed are the judicial, fiscal and political reforms. it is a mess, the use of the money that the publioliticians . these are the things that have rightly taken italians away from this political class and the policy. there are other reforms in our agenda. we will succeed if one can make the country able to compete with other western democracies. all this will be possible only if we will set the instrument of government that i mentioned before. >> and that was the former italian prime minister sylvia berlusconi speaking to andrea cabrini. with christmas less than a day away, parents everywhere have been facing the daunting task of buying their children presents. i bought presents for a 4-year-old and a 7-year-old boy. i had no clue what i was doing. >> so brave going into a store before christmas to buy children's presents. >> it was fantastic. they're friends' boys, but we made paper planes from like 6:00 a.m. in the morning throughout the day. >> i'm he
no government can boast of having done so. the reforms that i haven't completed are the judicial, fiscal and political reforms. it is a mess, the use of the money that the publioliticians . these are the things that have rightly taken italians away from this political class and the policy. there are other reforms in our agenda. we will succeed if one can make the country able to compete with other western democracies. all this will be possible only if we will set the instrument of government...
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Dec 29, 2012
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divided government is a good time to solve hard problems. and in the next few days leaders in washington have an important responsibility to work together and do just that. >> two reports for you here at the top of the hour. nbc's luke russert and nbc's kristen welker look at the capitol, kristen at the white house. luke let's start with you. next 72 hours, what are they supposed to look like and what's happening right now? >> reporter: it's interesting, t.j. i'm here at an empty capitol hill. it really is. minority leader mitch mcconnell, majority leader hay harry reid are negotiating over some type of package to avert a large tax hike on the middle class. what the package would look like we don't know. over the next 72 hours we'll have the negotiation, between mcconnell and reid going to go onned to. tomorrow the house of representatives gavels back into session about 6:30 p.m. if there is to be a deal between reid and mcconnell it would most likely be presented to the house gop tomorrow. possibly we could have a vote late sunday night or
divided government is a good time to solve hard problems. and in the next few days leaders in washington have an important responsibility to work together and do just that. >> two reports for you here at the top of the hour. nbc's luke russert and nbc's kristen welker look at the capitol, kristen at the white house. luke let's start with you. next 72 hours, what are they supposed to look like and what's happening right now? >> reporter: it's interesting, t.j. i'm here at an empty...
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Dec 28, 2012
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i'm increasing my interest because these guys can't run a government. you're looking toward going to a recession while we're playing politic s in washington. this is very serious. this is not just beltway rhetoric here. i think people need to understand to the point of calling their congressional representative in outrage today, saying we should not be at this point. they're playing politics with the actual livelihood of families. this is not something that -- it would be all right a week or two or three or four. we start going down the cliff, we don't know whether the momentum downward is going to be very, very damaging. >> yeah. maybe. >> you have that smirk on your face. >> well, maybe. i agree with the reverend that they're playing politics with livelihoods because it is a huge risk. you're right about that. i disagree a little bit on the sort of dramatic immediate impact of it. what we could get -- this is a responsibility, what we could get. i'm just trying to be optimistic because it's toward the end of the year and it's been a crummy year for a
i'm increasing my interest because these guys can't run a government. you're looking toward going to a recession while we're playing politic s in washington. this is very serious. this is not just beltway rhetoric here. i think people need to understand to the point of calling their congressional representative in outrage today, saying we should not be at this point. they're playing politics with the actual livelihood of families. this is not something that -- it would be all right a week or...
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Dec 30, 2012
12/12
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you're talking about 8 days of funding for the united states government. >> right. >> medicare -- >> when spending comes in. >> we have a medicare program where people are paying one third of the cost and 20 million more americans will be on it the next ten years and we have yet to deal with that. >> one other thing that the president said during this interview. he was asked about chuck hagel used to be a republican senator, his name has surfaced as a possible secretary of defense. there have been complaints about him, about some votes he made, vis-a-vis iran and comments he made about gays and some other things he said about israel and here was the question from david gregory. . >> do you think disqualify him? >> not that i see. i've served with chuck hagel. i know him. he's a patriot. somebody who has done extraordinary work both in the united states senate, somebody who served this country with valor in vietnam. and is somebody who's currently serving on my advisory board and doing an outstanding job. >> do you have any problems with senator hagel? >> i thought susan rice was goin
you're talking about 8 days of funding for the united states government. >> right. >> medicare -- >> when spending comes in. >> we have a medicare program where people are paying one third of the cost and 20 million more americans will be on it the next ten years and we have yet to deal with that. >> one other thing that the president said during this interview. he was asked about chuck hagel used to be a republican senator, his name has surfaced as a possible...
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Dec 29, 2012
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that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there's one more thing we want to go to. from iran to syria to libya to egypt to israeli, palestinian standoff over gaza, the obama administration's wishes have seldom been grapted. >> we and the world have joined in condemning the brutality of the assad regime. >> no one wants to determine what happened that night in benghazi more than the president and
that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know...
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Dec 27, 2012
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. >> it really upsets me, because the government is supposed to be working for the people. and i don't see that. >> i wish they would hurry up and make a decision, one way or the other. >> reporter: today, even house chaplain's daily prayer -- >> as this chamber lies silent still -- >> reporter: reflected the painful wait for a deal to avert the fiscal cliff. >> send a spirit of wisdom and good judgment upon the leaders of congress that they might forge a solution to assuage the concerns of their fellow citizens. >> reporter: house gop leadership is did call members back to work this sunday, prepared to work through new year's. republican leaders say they would give in on higher taxes, but not more government spending. >> republicans aren't about to write a blank check or anything senate democrats put forward, just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: beyond the bitter politics is a real-world consequence. >> anyone who has regular salary or wage income, starting next week, is going to see 2% less in
. >> it really upsets me, because the government is supposed to be working for the people. and i don't see that. >> i wish they would hurry up and make a decision, one way or the other. >> reporter: today, even house chaplain's daily prayer -- >> as this chamber lies silent still -- >> reporter: reflected the painful wait for a deal to avert the fiscal cliff. >> send a spirit of wisdom and good judgment upon the leaders of congress that they might forge a...
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Dec 24, 2012
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why hasn't the government shut it down? just tell the justice department if the ceo wants to stop him from attacking his company, why not sue him? more important though, i don't care who is right. i care about you not losing money. battlegrounds like this one must always be avoided because facts stop mattering and emotions take over. three stories. three battlegrounds. run from and not to the battlefield. you'll be a heck of a lot safer and wealthier if you do. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery.
why hasn't the government shut it down? just tell the justice department if the ceo wants to stop him from attacking his company, why not sue him? more important though, i don't care who is right. i care about you not losing money. battlegrounds like this one must always be avoided because facts stop mattering and emotions take over. three stories. three battlegrounds. run from and not to the battlefield. you'll be a heck of a lot safer and wealthier if you do. i always wait until the last...
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Dec 22, 2012
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how is your party going to get out from under that label that they're still the party of big government. >> well, a couple things. first of all, remember that in the aftermath of this election, the president's message has resinated with the american people and the ability of republicans in congress, a more fundamental problem the republicans have in that the party, half of -- most of -- the fight is within the republican party, which makes it very hard for them to get out a message. my point being, as democrats, you almost just have to stand back and let the chaos speak for itself on the republican side. i think that what you'll see from democrats is, you know, you'll continue to hear the language that, you know, everybody's open to having a conversation, a balanced approach and all of that, but again, at the end of the day, i think part of the challenge that the republicans continue to have is there's not one message. not a unified message. and this debacle that we've just saw, you know, last night doesn't do much to instill much confidence that boehner himself can actually drive a mes
how is your party going to get out from under that label that they're still the party of big government. >> well, a couple things. first of all, remember that in the aftermath of this election, the president's message has resinated with the american people and the ability of republicans in congress, a more fundamental problem the republicans have in that the party, half of -- most of -- the fight is within the republican party, which makes it very hard for them to get out a message. my...
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Dec 29, 2012
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margins, and i don't think it's a foregone conclusion that they're going to be steam-rollering with big government. voters also passed prop 39, which closed a corporate tax option of -- some would call it a loophole to pay a lower tax. that brings another $1 billion into the state budget. and for -- >> some of that's earmarked, though. >> for the first five years, half of it is earmarked for green jobs, environmentsal things, and it looks like the legislature wants to put that into energy retrofits for schools. but going forward, it's not earmarked money. >> so, the supermajority and the potential budget surpluses on the horizon a year or two out, does this give jerry brown like a new life politically? does he -- you know, what does he do with it. >> a new life, but not a blank check, maybe, yeah. >> had he lost, he might not have run again for governor, and that would have been a huge rejection of everything he had argued for, that you could bring sanity to the process, people are reasonable, they'll find a middle ground. all that would have been in ruins. and i think now -- and obviously, it dep
margins, and i don't think it's a foregone conclusion that they're going to be steam-rollering with big government. voters also passed prop 39, which closed a corporate tax option of -- some would call it a loophole to pay a lower tax. that brings another $1 billion into the state budget. and for -- >> some of that's earmarked, though. >> for the first five years, half of it is earmarked for green jobs, environmentsal things, and it looks like the legislature wants to put that into...
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Dec 27, 2012
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timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to free up cash to hold off temporarily this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road has been happening over and over again. somebody has to make some decisions here. >> it's like in this business, they give you a deadline and you have to hit the deadline. there's no coming in and saying take another ten minutes. it don't work that way in real life. there are americans out there saying get off your couches. get back to washington and get the deal done. >> someti
timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting...
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Dec 30, 2012
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they want to expand the growth of government. they need more revenues, you know, democrats are like bank robbers. you don't have the money and the 2% -- the money isn't in the -- they want to raise taxes on everyone. >> you're unwilling to compromise at all. >> i'm willing to compromise if we have real cuts. if we have real cuts because what happens in washington is that we talk about raising taxes today then we talk about cuts ten years from now. it happened under the reagan. it happened under bush and it's what's going to happen to us once again. >> jon, look, the proposal we put on the table, $1.2 trillion in cuts to include the interest savings and $1.2 trillion in revenue. they can't get that kind of balance package through a very right wing caucus in the house of representatives. the speaker is going to have -- >> we'll see about a smaller deal. congressman van hollen, thank you for joining us -- >> just remember -- >> congressman labrador -- >> the vote is 3-1 and now it's 1-1. >> thank you very much. >> we do have a rauco
they want to expand the growth of government. they need more revenues, you know, democrats are like bank robbers. you don't have the money and the 2% -- the money isn't in the -- they want to raise taxes on everyone. >> you're unwilling to compromise at all. >> i'm willing to compromise if we have real cuts. if we have real cuts because what happens in washington is that we talk about raising taxes today then we talk about cuts ten years from now. it happened under the reagan. it...
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Dec 24, 2012
12/12
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people are afraid of the government. they're afraid of their second amount. rights being restricted to protect themselves. >> reporter: senator mark warner who has an a rating from the nra is weighing in on the issue, too. >> if my memory is correct, there actually was an armed individual at columbine years ago and it didn't prevent that tragedy. so i think we need a comprehensive approach. i think it looks at mental health and protecting our schools and i also think it looks at these high volume magazines, you know, that can fire off so many rounds. >> reporter: father birch says people of faith can't stay silent on the gun issue any longer. >> to get into a place where we are defined not by the caliber of our character, but by the caliber of our weapon is a disgrace. >> reporter: senator dianne feinstein who introduced the assault weapons ban that expired in 2004 has already said she will introduce similar legislation again in january. back to you. >> thank you, audrey. >>> between this and the fiscal cliff debates there is a lot to talk about in politics t
people are afraid of the government. they're afraid of their second amount. rights being restricted to protect themselves. >> reporter: senator mark warner who has an a rating from the nra is weighing in on the issue, too. >> if my memory is correct, there actually was an armed individual at columbine years ago and it didn't prevent that tragedy. so i think we need a comprehensive approach. i think it looks at mental health and protecting our schools and i also think it looks at...
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Dec 23, 2012
12/12
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rebels have been fighting the government of president assad for 21 months. south korean officials say the rocket launched by north korea earlier this month shows the reclusive nation has developed the technology to fire a warhead capable of reaching the united states. despite international condemnation the launch seen as a boost to the credibility of north korea's new leader jim kim jong-un. monti credited with saving italy from a financial meltdown after stepping into the prime minister's role following the resignation of silvio berlusconi. monti's resignation sparked concern italy may slip back into a recession. president obama and member hers of the senate will gather today to say good-bye to
rebels have been fighting the government of president assad for 21 months. south korean officials say the rocket launched by north korea earlier this month shows the reclusive nation has developed the technology to fire a warhead capable of reaching the united states. despite international condemnation the launch seen as a boost to the credibility of north korea's new leader jim kim jong-un. monti credited with saving italy from a financial meltdown after stepping into the prime minister's role...
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Dec 26, 2012
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the reductions in spending over time can happen over time, the way our government keeps track is over a decade. >> right. >> so we don't need to do it all today, and as far as higher taxes go, there's a group of people who will sign this pledge not to raise taxes, and, you know, more than two-thirds are millionaires who said, you know what, we'll pay more taxes because in the end analysis, the investment we would make in paying more in taxes to get the economy going will return in wealth very quickly if we get the economy back to where it should be. >> there's a very good article on cnbc.com about the possibility that congress might decide to start tax is employer-sponsored health insurance. do you think that's a possibility, and what impact would that have on you? >> everything needs to be on the table. if we're going to have a good solution that gets at our deficit and reduce our debt everything has to be on the table and we'll deal with it. it's great to have rules. we just like to know what they are so we can make the right investments moving forward. >> even if it puts us in a cl
the reductions in spending over time can happen over time, the way our government keeps track is over a decade. >> right. >> so we don't need to do it all today, and as far as higher taxes go, there's a group of people who will sign this pledge not to raise taxes, and, you know, more than two-thirds are millionaires who said, you know what, we'll pay more taxes because in the end analysis, the investment we would make in paying more in taxes to get the economy going will return in...
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Dec 28, 2012
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he heads an entirely separate branch of government with an altogether different purpose. i think we need to go back to the way the government was designed to operate, and that is the deliberative function, in the legislative branch, both the house and the senate, acting independently. and then resolving their differences through conference. that process works, it works very well. this business of a couple of legislative leaders and the president going behind closed doors, coming up with some clever scheme, and then dropping it in the laps of the congress for a take it or leave it vote produces bad policy. in fact, bad process also produces bad policy, and that's what we're seeing. >> congressman, we've been seeing virtually no progress to date, but i hope folks have your optimism about not going over the cliff because of the disastrous implications. congre congressman mcclinton, thanks for coming on. >>> chuck hagel hasn't even been formally nominated to be the next defense secretary, and he's already taking right hooks from members of his own party, but do the attacks ad
he heads an entirely separate branch of government with an altogether different purpose. i think we need to go back to the way the government was designed to operate, and that is the deliberative function, in the legislative branch, both the house and the senate, acting independently. and then resolving their differences through conference. that process works, it works very well. this business of a couple of legislative leaders and the president going behind closed doors, coming up with some...
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Dec 28, 2012
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if there's a cut in government spending, where is the lift coming from, consumers, investment? therefore, the u.s. economy, we're on fragile ground right now. >> short term, sarge, this market held hostage minute by minute by the developments out of washington. >> yeah, sure, if we don't see any kind of compromise whatsoever, you'll see this s&p 500 trading in the 1360s next week. i think you'll get a short-term deal, address some of the issues, not really solve anything, kick the can down the road much like they do in europe and get your mild positive reaction going into the jobs data on friday. >> do you think we get a definitive move in this market one way or the other with some announcement out of washington, or is this market just so tired of all of the developments there? what do you think? >> well, there's still a risk-on trend, and if they kick the can down the road or actually come to some kind of compromise, that trend is intact, and you'll see going into the first few months of the year i believe very positive price action for all the equity indexs? >> what now, rick
if there's a cut in government spending, where is the lift coming from, consumers, investment? therefore, the u.s. economy, we're on fragile ground right now. >> short term, sarge, this market held hostage minute by minute by the developments out of washington. >> yeah, sure, if we don't see any kind of compromise whatsoever, you'll see this s&p 500 trading in the 1360s next week. i think you'll get a short-term deal, address some of the issues, not really solve anything, kick...
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Dec 25, 2012
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difference in turning what was the whole greco-roman world into christian was essentially the roman government decision. that is to say, christianity was spreading, and it was getting bigger and bigger. but without that decision on constantine's part, what we know of as christianity as a world religion, probably wouldn't have taken place. >> in the end the story must always return to the beginning, to a single man from the galilee. and a message so powerful that it moved his unlikely disciples to great things. >> it's sometimes suggested that a group of fishermen from the galilee would be incapable of establishing a worldwide religion, but that's simply our own modern skepticism. i mean, after all, abraham, a single man, managed to do so and mohammed, a single individual, managed to do so. the human spirit is remarkable if people simply put their mind to accomplishing what they feel god calls them to do. >> whatever accounts for christianity's success, the debates over what the faith in jesus is and what organized religion should be are far from settled. >> in the beginning of christianity the
difference in turning what was the whole greco-roman world into christian was essentially the roman government decision. that is to say, christianity was spreading, and it was getting bigger and bigger. but without that decision on constantine's part, what we know of as christianity as a world religion, probably wouldn't have taken place. >> in the end the story must always return to the beginning, to a single man from the galilee. and a message so powerful that it moved his unlikely...
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Dec 28, 2012
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that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on the floor during the 2001 tax bill and said our job is to raise taxes when they need to be raised and lower them when they need to be lowered. that's the senate and the house's job. >> but, one man's -- is another man's -- if you look at the laugher curve you don't know when to raise and when to lower at this point. >> president obama kept bush's taxes in for two years. >> i know. >> but suddenly, you know, democrats like you love the 98%, and you hate the 2%. it's very weird. >> tell him, joe. >> don't hate the 2%. i'm not a self-loathing hater. i don't hate the 2%. >> hey, joe, before we go, you mentioned -- you heard jimmy talking about the decider. that made me think of 4-3. but my heart and mind are with 41 and you worked for him. do you know anything? >> nothing new. we're just keeping him in our prayers.
that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on the floor during the 2001 tax bill and said our job is to raise taxes when they need to be raised and lower them when they need to be lowered. that's the senate and the house's job. >> but, one man's -- is another man's -- if you look at the laugher curve you don't know when to...
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Dec 26, 2012
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the government, easy. let's put it off. it's not their money. they don't feel the same intensity handicapping whether something should continue or not. these are things we need to grapple with. if we just have rigid ideologicallies, under no condition go over the cliff we become another aspect of the propaganda i'm so sick of that reached its crescendo at midnight november 5th. >> the way i think future generations, if i were to write an economics book, the way that fracking and horizontal drilling, we start with, you know, the notion we're running out of oil, it's going to be gone, we need the government to create the next energy industry. we will spend all this money on these renewable things. it will be great. we know how to do it, we have experts. then a disruptive market driven technology comes along that generates $2 natural gas makes all that stuff or basically puts it into the future and the money just went down the drain. a case study the way dwogovernm planning and infrastructure spending, you will get 10 cents of every dollar you spen
the government, easy. let's put it off. it's not their money. they don't feel the same intensity handicapping whether something should continue or not. these are things we need to grapple with. if we just have rigid ideologicallies, under no condition go over the cliff we become another aspect of the propaganda i'm so sick of that reached its crescendo at midnight november 5th. >> the way i think future generations, if i were to write an economics book, the way that fracking and...
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Dec 26, 2012
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government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux guarantees of fixing the original faux guarantees as the intrusion really did get worse. i take you back to september of 2008 when the gses were put in the conservatorship and then treasury secretary paulson said the following quote. i attribute the need for today's action, talking about conservatorship, primarily to the inherent conflict and flawed business model embedded in the gse government sponsored enterprise structure and to the ongoing housing correction. well, first of all, how many experts have we had on lately that have said housing is doing much better. today's kate shiler seems to
government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux guarantees of fixing...
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Dec 24, 2012
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that's governing from fear. as opposed to governing from leadership. and somebody else on a show one day said a lot of these republicans really believe, this is what they really, really believe in. that's great. but at some point one side or the other, and in fact both, are going to have to give a little. >> kiki, i would be -- i would think you would be sensitive to talking about leadership. i mean, when you say that, you don't hear irony? that's the -- maybe it's just the other side, the republicans talking about president obama, but, you in the last six, the last five years, have you seen a president that comes together and leads both? >> yeah. >> you have? >> have you, tony? >> i've seen a president who went out and campaigned on a certain series of things that he believed were important for the country and that he wanted to do, and he went and he pursued them. and that's leadership. >> he's pursuing them. but i think everybody's pursuing what they have to pursue. you've been listening to us for the last few months. i think we've been saying that t
that's governing from fear. as opposed to governing from leadership. and somebody else on a show one day said a lot of these republicans really believe, this is what they really, really believe in. that's great. but at some point one side or the other, and in fact both, are going to have to give a little. >> kiki, i would be -- i would think you would be sensitive to talking about leadership. i mean, when you say that, you don't hear irony? that's the -- maybe it's just the other side,...
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Dec 28, 2012
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we have debt that's being issued by governments, by corporations. will we need a capital markets business? even though the capital markets businesses aren't beating their cost of capital right now what we're seeing is we're seeing compensation levels coming down, increasing the margins in it. we're seeing inventory levels come in. that means that the amount of capital that they're putting, that they have there is dropping, which of course would be an improvement in roes. all of this leads to a world of sort of a repricing of the capital markets. wider bid offers treads, less tratding volume, less risk taken but will there be a capital markets business? the answer is yes. unfortunately right now the issue we have is the fiscal cliff which makes everything uncertain at least through march. a lot of washington circus going on. we, you know, i think it's pretty reasonable to assume that no politician, no libertarian would ever want the u.s. to default on its debt. so by march we should have a solution to that. then what we are is we're back in an enviro
we have debt that's being issued by governments, by corporations. will we need a capital markets business? even though the capital markets businesses aren't beating their cost of capital right now what we're seeing is we're seeing compensation levels coming down, increasing the margins in it. we're seeing inventory levels come in. that means that the amount of capital that they're putting, that they have there is dropping, which of course would be an improvement in roes. all of this leads to a...
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Dec 24, 2012
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>> well, this is a disaster for state and local units of government. the first order of effect is that the cost of infrastructure becomes much, much higher. costs of financing go up. the availability of investors declines. interest rates rise for municipal issuers. and so what happens to all that higher tax-exempt interest cost that issuers have to bear? it's ultimately borne by the taxpayer themselves. so really, this is just a transference of the taxes and subsidy back onto the shoulders of the regular property tax and income taxpayer at the local level. >> wow. a lot to keep track of. chris, thanks for giving us your thoughts this morning. >> thank yhankery much. >>> gas prices at the lowest level we've seen in more than a year. what does 2013 hold for energy. find out after the break. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your
>> well, this is a disaster for state and local units of government. the first order of effect is that the cost of infrastructure becomes much, much higher. costs of financing go up. the availability of investors declines. interest rates rise for municipal issuers. and so what happens to all that higher tax-exempt interest cost that issuers have to bear? it's ultimately borne by the taxpayer themselves. so really, this is just a transference of the taxes and subsidy back onto the...